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The Quintessential Survival Guide in the Corporate Quagmire! | |
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Getting Your Employees Attention Back to Work
It is 9:00 am on a Monday morning. Do you know where your employees' attention is? Is it on work? Picture this. You are at work. The phone rings. It is your aging father's neighbor calling to say that Dad is walking around outside in his pajamas and seems confused. You have a full day of meetings and deadlines. Your heart sinks as you try to figure out how to care for your dad and keep your job. The phone rings again. This time it is the school nurse saying that your asthmatic child is having trouble breathing. According to the American Productivity Audit, one-third of respondents said dependent health concerns were a top reason employees were not able to focus on their job while at work. What you may not know is that the situations above can just as likely happen to a working woman as to a working man. However if a woman gets the troubling phone call, she is more likely to talk about it at work while the man will not (2003 National Alliance for Caregiving national survey). Millions of working adults - men and women - are juggling the competing demands of caring for a chronically ill or disabled parent, raising a family, and managing a career. Working caregivers sacrifice leisure time, and often suffer stress-related illnesses. Negative effects on working caregivers include time lost from work, lower productivity, quitting a job to provide care, lost career opportunities and lower future earnings. Eventually, some 16 percent quit their jobs to provide care full-time. Work disruptions due to employee caregiving responsibilities result in productivity losses of $1,142 per year per employee. According to the Washington Post, researchers estimate that the cost of informal caregiving in terms of lost productivity to U.S. businesses is $29 billion annually. Caregiving Takes Work-Life Toll A recent MetLife study dubbed "Juggling Act" revealed some of the productivity-killing adjustments that caregivers choose to make to their work schedules:
In addition, a national survey conducted by the National Alliance for Caregiving in 1997 found that two in ten working caregivers turned down the opportunity to work on special projects; almost as many avoided work-related travel. Forty percent of the survey respondents said that caregiving affected their ability to advance in their jobs. What Employers Can Do Here are seven measures you can take to reduce employee stress, increase productivity and decrease lost work time due to employee caregiving responsibilities. Employers have a stake in designing responsive and effective programs to support their caregiving employees. Research has demonstrated that the cost to employers of lost productivity and other factors related to caregiving employees' difficulty in balancing work and family is high. Taking action immediately starts to increase productivity, lessen direct and indirect financial costs, and enhance employer/employee work/life relationship - which directly impacts on employee morale, satisfaction and retention. About The Author Michael Christian is the President of Patient Advocate Solutions (PAS). PAS provides healthcare navigation and insurance resolution for consumers, employers and healthcare providers. Contact him at (732) 564-9800 or www.pas-now.com
MORE RESOURCES: Analysis: Euro zone strugglers lack innovative knack (Reuters)
Obama gains over Romney amid better economy: poll (Reuters) Reuters - bolstered by a stronger economic outlook and recent job growth - would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed. German industrial orders buoyed by global demand (AP) AP - The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December. China growth could halve if Europe crisis worsens: IMF (Reuters) Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said. Europe's debt rose to 82 percent of output at end-Q3 (Reuters) Reuters - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down. Analysis: Iran economy could limp along under sanctions (Reuters) Reuters - Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions. IMF warns Europe downturn could cut China growth (AP) AP - A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year. Oil below $97 as traders eye Greek debt talks (AP)
France, German leaders meet amid euro, Syria crises (Reuters) Reuters - The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria. Police clear DC Occupy site, protesters look to a new day (Reuters) Reuters - U.S. police officers cleared tents from an "Occupy" protest site in downtown Washington on Sunday, but demonstrators said even without the camp they would continue to fight for economic equality and other issues. Obama says he deserves re-election, job's not done (AP)
Europe's shadow darkens outlook (Reuters) Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report. With sparse data, focus returns to Europe (Reuters) Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. France says Greek PSI talks going "relatively well" (Reuters) Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult. Obama presses Congress to pass aid to homeowners (Reuters) Reuters - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk. Dealer group sees higher US auto sales and prices (AP) AP - Car buyers will likely pay more for new and used cars this year as the economy improves. Hiring surges in January; jobless rate at 8.3 pct. (AP)
Obama pushes for veterans jobs programs (AP) AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands. Unemployment falls sharply in US, rises in Europe (AP) AP - Unemployment falls sharply in US, rises in Europe Jobless rate at 3-year low as payrolls surge (Reuters) Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. |
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